Martin Marietta Materials (MLM) Gets a Buy Rating from Jefferies

By Ryan Adsit

In a report released yesterday, Philip Ng from Jefferies reiterated a Buy rating on Martin Marietta Materials (MLMResearch Report), with a price target of $232. The company’s shares opened today at $179.16.

According to TipRanks.com, Ng is ranked #494 out of 5126 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Martin Marietta Materials with a $215.50 average price target.

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The company has a one-year high of $238.52 and a one-year low of $150.75. Currently, Martin Marietta Materials has an average volume of 921.3K.

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MLM in relation to earlier this year.

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Martin Marietta Materials, Inc. engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographic segments: Mid-America Group, Southeast Group, and West Group. The Mid-America Group and Southeast Group segments provide aggregates products only.